Newtek Business Services Corp. (NASDAQ:NEWT) declared 3Q20 dividend of $ 0.58 per share, or $ 2.32 annualized.
The dividend will be payable on September 30, 2020, to stockholders of record on September 21, 2020, with an ex-dividend date of September 18, 2020.
Dividends History
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Recent Earnings Announcement
Newtek Business Services Corp. posted income for the first quarter of $ 0.21 per share, from the revenue of $ 15.80 million. The quarterly earnings lowered 52.27 percent while revenues extended 17.65 percent compared with the same quarter last year.
Street analysts expected Newtek Business Services Corp. to report income of $ 0.50 per share on revenue of $ 16.74 million for the first quarter. The bottom line results missed street analysts by $ 0.29 or 58 percent, at the same time, top line results fell short of analysts by $ 0.94 million or 5.62 percent.
Stock Performance
According to the previous trading day, closing price of NEWT was $ 17.13, representing a 125.69 % increase from the 52 week low of $ 7.59 and a 28.6 % decrease over the 52 week high of $ 23.99.
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The company has a market capital of $ 364.11 million and is part of the Financial Services sector and Asset Management industry.
Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses.
